Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials $76000 $ 60000 inventory Work in process 100000 112000 inventory Finished goods inventory 100000 92000 During 2020, Concord purchased $1550000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much is total manufacturing costs incurred during 2020 for Concord? $1964000 $1972000 $1960000 $1976000